Gil, Pedro Mazeda; Figueiredo, Fernanda - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2011
This paper studies the firm size distribution arising from an endogenous growth model of quality ladders with expanding variety. The probability distribution function of a given cohort of firms is a Poisson distribution that converges asymptotically to a normal of log size. However, due to firm...